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Property profile & analytics
OFF-MARKET
Estimated value
$8,005,000
Community centers
4804 Thurston Way Vancouver, WA 98662-6478
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1504513
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1982
Total area
52,391 SF
Lot
4.54 ac (197,762 SF)
Zoning code
CG : VAN
APN
108083-005
UPID
US90-1504513
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ichi Teriyaki 28 Restaurant
-
SalonCentric (Bike/Boat/Book/etc) Store Cosmetic Store
-
Svitoch Grocery Grocery & Convenience Store Food Market
-
Vancouver Denture Clinic Dental Office
-
HobbyTown (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.01M
Owner & transaction history
Rbm Vancouver Village LLC · 6 yrs held
Rbm Vancouver Village LLC
since 2019
6 recorded transactions
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$12.8M
+6.0%
Commercial (general)
$12.4M
+2.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vancouver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vancouver submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,045,000
6.5%
$10,195,000
7%
$9,465,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$12,090,000
Current use
INDUSTRIAL (GENERAL)
$12,810,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,425,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,880,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$8.01M
Range $7.20M – $8.81M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$153 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$134,385
Tax year 2023
Assessed value
$14,403,100
Assessed 2023
Previous assessed
$12,482,700
+15.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$2,847,800
Assessed improvement
$11,555,300
Land market value
$2,847,800
Improvement market value
$11,555,300
Total market value
$14,403,100
Applied tax rate
10,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1982
Heating
HEAT PUMP
Stories
1
Total area
52,391 SF
Lot
4.54 ac (197,762 SF)
Zoning code
CG : VAN
APN
108083-005
UPID
US90-1504513
Jurisdiction
CLARK
Zoning & alternative use
CG : VAN · Vancouver, WAZoning CG : VAN · permitted uses
CG : VAN · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.1M
INDUSTRIAL (GENERAL)
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
HEAT PUMP
Stories
1
Lot
4.54 ac
Current owner
From public records · entity-resolved
Rbm Vancouver Village LLC
Entity
Free & Clear · 6 yrs held
Mailing address
621 SW ALDER ST STE #800, PORTLAND, OR 97205-3623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2020
—
Rbm Vancouver Village LLC
—
Deed
related
$15,000,000 · Miscellaneous Ins Co
Dec 20, 2019
$22,245,000
Rbm Vancouver Village LLC
Vancouver Vlg Prop INC
Grant Deed
—
Dec 24, 1996
—
Vancouver Village Properties
—
Grant Deed
related
$4,000,000 · Bank Of America
Jun 6, 1996
$7,505,000
Village Properties I Vancouver
Eastern Western Corp
Grant Deed
—
May 16, 1991
—
Eastern Western Corp
Unknown
Grant Deed
related
—
—
—
Rbm Vancouver Village LLC
—
Deed Of Trust
related
$15,000,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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